Engage Business Finance

Engage Business Finance Sourcing appropriate finance that is fit for purpose and actually helps your business survive, grow and prosper! Worth a chat? Connect with us.

At Engage, we believe that all SMEs should have access to quality business finance advice. That is why Eric (our Founder) and Paul (our Head of Finance) decided to develop a business finance brokerage that effectively facilitates access to appropriate finance where and when your business needs it. Engage acts very much like a Fintech, where services are designed to proactively add more value to SM

Es and Accounting Firms by combining technology and human engagement. We want to proactively help SMEs and build relationships with businesses that need us. We understand the profound and unparalleled positive impact that quality advice can have on the professional and personal lives of business owners. The commercial lending market can, at times, look very complex and finding APPROPRIATE finance that is fit for purpose and actually helps your business survive, grow and prosper can be challenging. We know the lending market intimately, it’s our job to! … and, as business owners ourselves, we want to extend our help and experience to other business owners. We will work with you to understand your business needs and identify the most appropriate finance options available to you. Engage is a true start-up and we are always looking to collaborate and partner with like minded organisations with the objective to create more value to our clients. Please do contact us and we will be delighted to give you the support you need to grow your business! https://www.engage.finance/contact-form

Team Engage

28/08/2023

Trading Internationally?

Could a Trade Finance/FX unsecured line of credit solution help your business?

A solution that will support your business even if you are buying goods for ''Stock''.

We have access to specialist solutions that reduce this pressure to settle third party accounts invoices without impacting working capital. It will help you reduce the cost of short-term borrowing and your bottom line!

For all things business finance related, don't wait any longer, connect with us at Engage. We work with specialist lenders ready to provide funding (subject to eligibility).

The cost of living crisis continues to bring new challenges and uncertainties, but there is one thing you can be sure of, at Engage we are here to support you and your business, any way we can.

26/08/2023

I came across some business leaders who were not aware of the power of bridging when used for the right purpose. And, no, it is not restricted to buying a property. You will find a high level overview below. I hope it is useful.

WHAT IS A COMMERCIAL BRIDGING LOAN?
A short-term funding option secured against an asset, typically a residential or commercial property, which is generally used to bridge the gap while long term borrowings are obtained.

WHERE COMMERCIAL BRIDGING LOAN CAN BE USEFUL:
A great opportunity or a challenge presents itself and investors/business owners have to raise funds quickly. If their finance is already tied up elsewhere, buyers will need an option to acquire appropriate funding quickly or risk losing out.
Whereas long term finance can take several months to secure, a bridging loan will be very quick to set-up (a few weeks is common).

WHY CHOOSE A COMMERCIAL BRIDGING LOAN?
Can be used to purchase property as an investment, as business premises or to fund business growth, expenses and more.

RE-BRIDGING COULD BE THE RIGHT SOLUTION FOR YOU WHEN:
- Your existing loan is coming to an end but more time is required to sell or refinance.
- You need to repay an existing loan and raise further funds.
- You have a bridge that has passed term and are in an extension or default.
- You come to the end of your loan term only to find your planned exit is no longer available.

KEY CONSIDERATIONS
Borrowers must have a strategy, ''The Exit'', to repay bridging loans, such as refinancing with long term finance or the sale of the property, before the end of the bridging loan term. The borrower will need to provide security to act as collateral against the loan.

For all things business finance related, don't wait any longer, connect with us at Engage. We work with specialist lenders ready to provide funding (subject to eligibility).

The cost of living crisis continues to bring new challenges and uncertainties, but there is one thing you can be sure of, at Engage we are here to support you and your business, any way we can.

22/08/2023

Commercial Finance, Going It Alone or Using an Advisor?

Small businesses, you are not restricted to a bank manager anymore. Each year more than 4 million businesses seek funding and each year more than 2.5 million do not receive funding. This is mostly because one in five SMEs (21%) reported seeking advice before borrowing and the other most common reason was making contact with just one provider having an established relationship with that provider (41%).

At the same time, banks are employing more restrictive lending practices, making it harder for business owners and property investors to access the crucial funding they need.

Don't limit your potential, finance is vital, engage with a finance advisor. Advisors have access to different sources of finance and lenders that will fund a deal where some others might not. They can compare them, present you with appropriate options for your business, and then deal with the application, Saving You Time and Money!

For all things business finance related, don't wait any longer, connect with us at Engage. We will be delighted to help you.

The cost of living crisis continues to bring new challenges and uncertainties, but there is one thing you can be sure of, at Engage we are here to support you and your business, any way we can.

19/08/2023

Are you receiving the appropriate level of service from your current bank?
Is your bank supporting you and your business during challenging growth times?
Does your bank have the best-fit products and services to help you and your business now?

Traditional financing is becoming more important in the current market. It is crucial to understand all your options to best support your business's growth.

At Engage, we help progressive SMEs fuel their fast growth by assessing if their business sits in the correct part of the bank to access the appropriate products and services needed to deliver their ambitious expansion plans in the UK and overseas.

Is it time to review your banking position?

For all things business finance related, don't wait any longer, connect with us at Engage. We can make introductions to banks, subject to eligibility.

The cost of living crisis continues to bring new challenges and uncertainties, but there is one thing you can be sure of, at Engage we are here to support you and your business, any way we can.

12/08/2023

Rising business costs will start to impact business profitability, which could have a negative impact on cash flow.
It is imperative that business owners have the best and most appropriate funding in place to ensure they are robust enough to meet these challenges.

Accessing immediate cash from your debtors can have a dramatic effect on cash flow and relieve a lot of headaches and concern for business owners.

Invoice Finance is not right for every business, however, in our opinion, it could certainly help a lot of businesses.

For all things business finance related, don't wait any longer, connect with us at Engage. We work with specialist lenders ready to provide funding (subject to eligibility).

The cost of living crisis continues to bring new challenges and uncertainties, but there is one thing you can be sure of, at Engage we are here to support you and your business, any way we can.

08/08/2023

Are you facing risk of Bankruptcy or Insolvency?

The majority of loans we arrange at Engage are to help businesses get off the ground or grow, however every now and then we encounter a business that is struggling or is no longer viable. It may be that an exit can not be achieved cleanly or that a buyer can not be found.

This could be down to market changes (we have seen enough of those in the last few years) or it could be down to another company letting them down. We are facing challenging times.

If you are a director of a company facing insolvency and need to borrow money to finalise a liquidation, Engage can help directors to buy back their business.

If you are a previous director facing bankruptcy (or already in bankruptcy or discharged from bankruptcy) and need to repay a main creditor, Engage can help.

We have access to lenders who can offer property-backed loans to stop bankruptcy or winding up petitions from becoming an order, to cancel or annul an order or to seek a voluntary agreement with creditors when liquidating a company or to deal with a trustee’s interests post discharge.

For all things business finance related, don't wait any longer, connect with us at Engage. We work with specialist lenders ready to provide funding (subject to eligibility).

The cost of living crisis continues to bring new challenges and uncertainties, but there is one thing you can be sure of, at Engage we are here to support you and your business, any way we can.

05/08/2023

Construction Finance

Is maintaining a healthy cash flow to build working capital a challenge?

Are long payment terms and late payments common and impactful?

The construction sector can be challenging for contractors and sub-contractors. It can be difficult to find specialist lenders offering flexible products. This can be down to the complexity of the processes involved or the lack of adequate products available.

You will surely benefit from a solution that provides certainty over the funds you have available to manage your projects and take on new ones, a solution that provides funding against both Certified and Uncertified Applications for Payment.

Access to funds when you submit an Application for Payment, rather than waiting for certification, will provide the crucial cash flow to support your business.

For all things business finance related, don't wait any longer, connect with us at Engage. We work with specialist lenders ready to provide funding (subject to eligibility).

The cost of living crisis continues to bring new challenges and uncertainties, but there is one thing you can be sure of, at Engage we are here to support you and your business, any way we can.

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2A, Blackthorn House, St. Pauls Square
Birmingham
B31RL

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

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